CMA Cream Minerals Ltd.

Cream Minerals Ltd. (TSX VENTURE:CMA)(OTCQB:CRMXF)(FRANKFURT:DFL) ("Cream" or
the "Company") announces that it has SEDAR filed its second quarter financial
statements and management and discussion analysis on SEDAR and posted these
documents to the Company's website on November 29, 2012. In addition the Company
advises US investors its shares are now quoted and traded on the OTCQB an
electronic trading platform owned and operated by the OTC Markets Group. The
Company's symbol remains CRMXF. 


In other developments, Cream has engaged Watts Griffis and McQuat Limited
("WGM") of Toronto, Ontario to review the Company's Technical Report (the
"Report") filed on SEDAR on October 2, 2012 and co-author a revised NI 43-101
complaint Technical Report. As part of the review WGM will address concerns
raised by the BC Securities Commission as they relate to certain aspects of the
Report (please see news release dated October 23, 2012). Cream currently
anticipates that a revised NI 43-101 compliant Technical Report will be
completed by early March 2013. 


WGM is Canada's longest running independent firm of geological and mining
consultants providing value-added professional services to the global mineral
resource industry. WGM's expertise includes Mineral Resource and Reserve
estimates, NI 43-101 and JORC technical reports, project management, property
valuations and due diligence reviews. 


Cream Minerals is a silver-gold exploration company. To learn more about Cream
Minerals please click here www.creamminerals.com.


Forward-Looking Information 

This news release contains "forward-looking information" and "forward-looking
statements" (collectively, "forward-looking information") within the meaning of
applicable securities laws. Forward-looking information is generally
identifiable by use of the words "believes", "may", "plans", "will",
"anticipates", "intends", "budgets", "could", "estimates", "expects",
"forecasts", "projects" and similar expressions, and the negative of such
expressions. Forward-looking information in this news release include statements
about the the Company's independent technical report on the Nuevo Milenio
project filed on SEDAR on October 2, 2012 (the "Report"); the BC Securities
Commission ("BCSC") review of the Report; the engagement of Watts, Griffis and
McOuat Limited to co-author a new independent 43-101 compliant technical report
on the Nuevo Milenio project; the anticipated timing of, and completion and
filing of, a new independent 43-101 compliant technical report on the Nuevo
Milenio project; the filing of Cream's second quarter financial statements and
management discussion and analysis on SEDAR; the Company's future plans,
exploration and drilling programs, objectives, business strategy, budgets,
projected costs, financial results, and requirements for additional capital.  


In connection with the forward-looking information contained in this news
release, the Company has made numerous assumptions, regarding, among other
things, the assumption that the Company can complete and file a new independent
43-101 compliant technical report on the Nuevo Milenio project and the
assumption the Company will continue as a going concern and will continue to be
able to access the capital required to advance its projects and continue
operations. While the Company considers these assumptions to be reasonable,
these assumptions are inherently subject to significant uncertainties and
contingencies. Additionally, there are known and unknown risk factors which
could cause the Company's actual results, performance or achievements to be
materially different from any future results, performance or achievements
expressed or implied by the forward-looking information contained herein. Known
risk factors include, among others: the possibility that the Company may not be
able to complete and file a new independent 43-101 compliant technical report on
the Nuevo Milenio project in the anticipated timeframe, or at all; the
possibility the Company may not be able to remove itself from the reporting
issuer default list maintained by the BCSC; the possibility that the Company's
shares are cease traded; the possibility that the Company may not be able to
resolve the concerns raised by the BCSC with respect to the Report in a timely
manner, or at all; the possibility that the Company may not file its second
quarter financial statements and management discussion and analysis on SEDAR in
the timeframe currently contemplated, or at all; inherent risks involved in the
exploration and development of mineral properties; uncertainties involved in
interpreting drill results and other exploration data; potential for delays in
exploration activities; geology, grade and continuity of mineral deposits;
possibility that future exploration results may not be consistent with the
Company's current expectations; the possibility that no strategic alternatives
will be available to the Company; reduction in future prices of precious metals;
currency fluctuations; accidents, labor disputes and other risks associated with
the mining industry; delays in obtaining governmental approvals; uncertainties
relating to the availability and costs of financing required in the future; and
competition and loss of key employees. 


A more complete discussion of the risks and uncertainties facing the Company is
disclosed in the Company's continuous disclosure filings with Canadian
securities regulatory authorities at www.sedar.com. All forward-looking
information herein is qualified in its entirety by this cautionary statement,
and the Company disclaims any obligation to revise or update any such
forward-looking information or to publicly announce the result of any revisions
to any of the forward-looking information contained herein to reflect future
results, events or developments, except as required by law.


U.S. 20-F Registration: 000-29870 

FOR FURTHER INFORMATION PLEASE CONTACT: 
Cream Minerals Ltd.
Christopher Hebb, LLB
Chairman of the Board
(604) 687-4622 or Toll Free: 1-888-267-1400


Cream Minerals Ltd.
Michael E. O'Connor
President & CEO
(604) 687-4622 or Toll Free: 1-888-267-1400
(604) 687-4212 (FAX)
info@creamminerals.com
www.creamminerals.com

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